ECONOMY


Minister Natig Aliyev: Azerbaijan is ready for energy cooperation with Brazil

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Baku, November 1 AZERTAC

Azerbaijan`s Minister of Energy Natig Aliyev said the country was ready for energy cooperation with Brazil as he met Rodrigo Maia, president of Brazil’s Chamber of Deputies.

Rodrigo Maia said Brazil had big oil and gas potential and the country was open for foreign companies in the development of oil and gas fields.

“There is a need to consider the possibility of cooperation between Petrobras Company, the main operator of a number of projects at the largest Brazilian oil fields, and Azerbaijan’s SOCAR,” Rodrigo Maia said.

Natig Aliyev said that Azerbaijan is open for foreign investments.

“In the next 40 years, oil and gas will remain as main resources in the global energy balance,” said the Minister.

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